ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 14,290,000 shares, a growth of 20.9% from the March 15th total of 11,820,000 shares. Currently, 21.6% of the company's stock are sold short. Based on an average daily volume of 81,477,100 shares, the days-to-cover ratio is currently 0.2 days.
ProShares UltraPro Short QQQ Trading Up 0.3 %
SQQQ opened at $38.64 on Friday. ProShares UltraPro Short QQQ has a 12-month low of $26.21 and a 12-month high of $64.65. The stock has a fifty day simple moving average of $35.64 and a two-hundred day simple moving average of $33.24.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.4823 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 4.99%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several hedge funds have recently bought and sold shares of SQQQ. Parallel Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at approximately $27,000. PayPay Securities Corp increased its position in ProShares UltraPro Short QQQ by 85.9% during the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock valued at $60,000 after buying an additional 719 shares in the last quarter. Peoples Bank KS purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at $62,000. Centerpoint Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock worth $187,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $360,000.
About ProShares UltraPro Short QQQ
(
Get Free Report)
ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.
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